Summary
Encouraging Public Offerings Act of 2025
This bill provides statutory authority for all issuers of securities to use certain offering procedures that are available to emerging growth companies.
Specifically, the bill allows under statute issuers of securities to communicate with potential investors to ascertain interest in a contemplated securities offering, either before or after the filing of a registration statement (i.e., test the waters).
Additionally, issuers are allowed under statute to submit to the Securities and Exchange Commission, with respect to an initial public offering, initial registration, or follow-on offering, a confidential draft registration statement for review prior to public filing.
Legislative Journey
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SenateMotion to reconsider laid on the table Agreed to without objection.
HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
HousePassed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2872-2873)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3381.
HouseConsidered under suspension of the rules. (consideration: CR H2872-2873)
HouseMrs. Wagner moved to suspend the rules and pass the bill, as amended.
HousePlaced on the Union Calendar, Calendar No. 86.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-116.
HouseReported (Amended) by the Committee on Financial Services. H. Rept. 119-116.
Ordered to be Reported (Amended) by the Yeas and Nays: 48 - 2.
HouseCommittee Consideration and Mark-up Session Held
HouseReferred to the House Committee on Financial Services.
HouseIntroduced in House
Introduced in House